Caledonia Mining (LON:CMCL) Sets New 52-Week High - Here's Why

Key Points

• Caledonia Mining shares reached a new 52-week high of GBX 1,830 ($24.72) in trading, indicating strong market performance.
• The company plans to increase its annual gold production by 37% to reach 80,000 ounces by 2022, highlighting its growth prospects.
• Caledonia Mining operates primarily from the Blanket Mine in Zimbabwe and currently has a market capitalization of £439.11 million.

Caledonia Mining Co. Plc (LON:CMCL - ) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 1,830 ($24.72) and last traded at GBX 1,800 ($24.31), with a volume of 9606 shares changing hands. The stock had previously closed at GBX 1,765 ($23.84).

Caledonia Mining Price Performance

The company has a quick ratio of 0.97, a current ratio of 1.44 and a debt-to-equity ratio of 6.38. The firm's fifty day moving average price is GBX 1,529.59 and its two-hundred day moving average price is GBX 1,169.63. The stock has a market capitalization of £439.11 million, a PE ratio of 45.39 and a beta of 0.73.

About Caledonia Mining

Caledonia Mining (NYSE:CMCL, AIM:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia's primary asset is the Blanket Mine in Zimbabwe. By 2022 the Company plans to increase its annual production by 37%, up to 80,000 ounces. The Company is listed in New York and London with a current Market Capitalisation of U$174m.

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